ANNEX 3 | 91 Loan from employer is a loan from your employer (not a wage advance). The repayments may be deducted from pay slips over multiple periods or the borrower may have to repay separately. Money guard is a person who holds money and keeps it safe for someone else. Moneylender is a private individual who lends money and charges interest. Interest rates tend to be high and repayment times tend to be strict, but people borrow from money- lenders during emergencies or when they prefer to keep the reason for the loan private from friends and family. Pawning occurs when a person brings something of value (e.g., gold, phones, appliances) to a pawn shop or an individual who then gives her money for the item. If the borrower repays on time, then they can have the item back. If not, they forfeit the item. Rotating Savings and Credit Associations (ROSCAs) are informal savings groups in which members generally combine their savings together at regular, recurring meetings and take turns giving the entire pot to one member. Savings in the house typically includes cash stored in a safe, readily accessible place. Note that strategies such as storing gold and raising livestock are not classified as savings at home, but rather household (physical) assets. Supplier credit refers to informal credit given by a small business owner’s regular suppli- ers. The supplier may allow the business owner to pay off the loan after a week, a month, or even longer, depending on the arrangement. Wage advance is when an employer pays an employee’s wages early. The amount the employee owes is either deducted from their salary, repaid in one lump sum, or over a few paychecks.